Ballot package reveals MCU's bank charter plans.
Private insurance could be an easy way out for credit unions wishing to become banks. But will the FDIC welcome them in?
Former state official says a California chartered credit union has never converted to a bank.
A 2011 opinion letter says state chartered credit unions could convert through a purchase and assumption transaction.
According to local news reports, Monterey Credit Union's mutual bank conversion effort is merely the first step.
One year after converting to a bank charter, HarborOne is not as profitable as hoped.
As written, the NCUA's risk-based capital rule tilts the playing field toward banks.
CEO Jim Blaine says the NCUA's risk-based capital proposal could make a bank charter better for members.
OmniAmerican Bank, which converted from a credit union charter in 2005, attempts to merge into a larger Texas bank.
Some members of a Maryland credit union are trying to join the board and protesting a management decision to hold the May 17 annual meeting at a Virginia country club.